13. That full disclosure be made of all grants and moneys provided to universities and other educational organisations for research etc. I suggest this is one of the reasons why many in academia have been noticeably quiet about the shenanigans at CPA Australia. A sort of ‘golden handcuffs’ you coul...

An interesting case (from an AICD update) Shareholder ratification obtained after full disclosure may provide a defence to directors’ breach of general law duties, but not their statutory duties. FAL Healthy Beverages Pty Ltd (FAL HB) and its subsidiary successfully claimed that Timothy Xenos, a for...

I think its really much simpler. Final comment on this was that the Board met its obligations to the CEO - Board was 100% behind CEO (performance appraisals, KPI's etc etc) - they decide to terminate CEO after the Divisions weighed in (It was their decision not the divisions. They are the Board afte...

in its full glory http://parlview.aph.gov.au/mediaPlayer.php?videoID=365877&operation_mode=parlview Witnesses can only ask to provide answers in confidence, but not deny to provide them. This is contempt of Parliament. Not answering the question about the terms of employment contract display either ...

Now were getting closer to the source of the problem. AICD at its core is focussed on listed company rules yet is spreading its word to NFP and private companies in an effort to sell its courses and expand its member base and influence. Sound familier?

I question the heavy involvement of those aligned with AICD. My direct experience is that they AICD struggle with the governance model for the NFP sector and view a model free of shareholder agreements or member direction as the purist form, and seek to obtain this. As for policing behavioural stand...

They would have the normal confidentiality obligations in dealing with matters before them in their official roles. I expect they were warned about this recently (a shot across the bow to maintain discipline and loyalty). If they have gone further that's extraordinary but there could even be a good ...

AICD need to deal with the fact that existing and former directors were Fellows of AICD before anyone suggests AICD membership (nothing against Baxt) qualifies anyone to participate in renewal. Rather than an inquisition or academic sojourn I'd suggest a membership endorsed Board with short and fini...

Probably not. Given the Boards strong public endorsement the recent termination would amount to breach of contract in the absence of misconduct. I expect the Board only did a u turn when they lost support of the divisions and they didn't see that coming (which is very telling). CEO played it smart a...